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Banks To Take Control Of Jet Airways Cockpit; Lenders To Infuse Rs 1,200 Cr | Business Standard News
Posted on: March 20, 2019, 4:31 p.m.
Naresh Goyal, nominees to step down; lenders to infuse Rs 1,200 cr emergency funds. : Lenders of Jet Airways are likely to take management control of the airline by superseding the current board, it is learnt. A consortium of lenders, led by State Bank of India (SBI), would operate the airline managed by a professional board, a source in the know said. The move follows Etihad’s refusal to infuse additional funds in Jet under the current terms of the bank-led ... Full investment news articleRelevent to this post: Michigan State University Office of Investments University of Nebraska Foundation,